China's Capital Stock Series by Region and Sector

Yanrui Wu

Frontiers of Economics in China-Selected Publications from Chinese Universities, 2016, vol. 11, issue 1, 156-172

Abstract: The lack of capital stock statistics for empirical research of the Chinese economy has for a long time been one of the major impediments in the profession. Professor Gregory Chow is one of the pioneers who attempted to deal with this matter. His seminal paper on China's capital formation and economic growth was published in 1993 (Chow, 1993). Since then many authors have estimated their own capital stock data series. However, most authors have focused on investigations at the national level and their findings are not without controversies. In particular, few studies have provided estimates of capital stock for China's regional economies. This paper adds to the existing literature in several ways. First, it presents a critical review of the methods and findings in the existing literature. Second, it proposes an alternative approach to estimate China's capital stock series by region as well as across three economic sectors (agriculture, industry and services). Finally, preliminary analyses of the derived capital stock statistics are conducted to examine growth, disparity and convergence in China's regional economies.

Keywords: capital stock; regional economies; three sectors; China (search for similar items in EconPapers)
JEL-codes: R12 R13 R15 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations: View citations in EconPapers (15)

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